New-Tech Europe Magazine | Q4 2021

Latest News technology research and development and joint ventures with leading automakers. The establishment of MIH (Mobility in Harmony) consortium was also a significant milestone that Foxconn group and its members have collectively achieved. Foxconn’s electric vehicles strategy drew massive attention with their recent launch of three EV prototypes, showing Foxconn’s

with the highest performance, security and reliability. This is why we decided to enter into strategic collaboration agreement with Autotalks and invest $10 million in this company.”

“We are glad to enter into strategic collaboration agreement with Foxconn and receive the new investment from the world’s largest electronics manufacturer,” said Hagai Zyss, CEO of Autotalks. “The synergy

credit: Autotalks

commitment to become a global next-generation automaker. “Over the last couple of years, we have been strategically expanding into the automotive segment, with special focus on electric vehicles, connectivity, mobility and safety and technologies,” noted Thomas Fann, Special Assistant to Chairman at FIT. “We see Autotalks as the provider of the world’s most trusted V2X solution,

between the companies is very natural, considering the strategic place V2X has in the future of safety and mobility, and Autotalks’ V2X market leadership. V2X is a critical safety sensor, the only one that can see behind corners, protect micro-mobility users, and can also increase the range of Electrical Vehicles.” For more information, visit FIT’s website: fit-foxconn.com.

Israeli Technology to Be Part of the “Green Revolution” In the Field of Micro Electronic Vehicles (EV), Two and Three Wheels, In the Indian and Southeast Asian Markets

Redler of Israel has signed a long- term strategic cooperation agreement with Virtual Forest (VF) of India who have incorporated Redler Technologies’ patents in the areas of motion control and Micro EV Both companies will together invest 5.5 million USD in the initial stage Technologies

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will include integration of new technology solutions including Redler Technologies flagship products, from development to production, integration, and support together with VF, while adjusting to the new and unique demands of two- and three-wheel EV vehicles. Both companies will together invest 5.5 million USD in the

Credit: Redler Technologies

initial stage. The motion controllers’ market is experiencing steady growth in line with exponential growth of the EV markets in India and Southeast Asia. In 2021, this market saw a turnover of 3.8 million dollars, which is expected to multiply over 30 times to a value of 267 million dollars in 2025. This forecast is based on, amongst other factors, national plans as announced by the Indian government and Mr. Nitin Gadkari, the Minister of Road Transport and Highways, for two- and three-wheel EVs to become 80% of the EV market by 2030. The two- and three-wheel market is a significant portion

Redler Technologies, specializing in solutions with international patents in the areas of electrical power and motion technologies, has entered into a strategic alliance with Virtual Forest (VF) of India. VF develops technologies for micro electric vehicles (Micro-EV) for two- and three-wheel vehicles for the Indian and Southeast Asian markets. In doing so, Israeli technology will, for the first time, be an integral part of the Micro-EV markets in India and Asia. Redler Technologies will supply innovative motion solutions for the accelerating Micro-EV markets as part of the green electricity revolution taking place in India and her region.

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